Now that the holidays are over, I feel like I have been spending an absurd amount of time at work. It's actually about the same amount of time I always spend here, but it just feels like a lot more. I got a whole four days off during the Christmas holiday this past year, so if you got more than that, consider yourself lucky! Of course folks in the retail sector probably got even less time off. You are true heroes!
I took this shot walking into my office the other morning when the moon was nearly full. There seemed to be a hole in the clouds that was made just for it to shine through. If you get a chance to step outside this morning, there is a great alignment of Mars, Castor, and Pollux. I thought it was SkyLink satellites at first. Pretty cool stuff.
This is Friday though, and on Friday I generally talk about finance...
It is time again for another Finance Friday/Friday Finance. This is a series I started where I talk about random bits of financial stuff that I have seen, gathered, or experienced during the week. I hope as a reader you find it informational, entertaining, or both. I also hope it can generate some good discussion and edify the community.
It's a nice change to come into work this morning and see that BTC has stayed above $100K versus sliding back down as is usually the case. As I said above though, it's Friday, so who knows what is going to happen over the weekend. I'd love to see some sustained days over $100K for a while. Weeks even wouldn't disappoint me at all. I think we can all agree on that. Unless you are still trying to stack right now.
Traditional Investments
I'm pretty happy with where my traditional investments ended the year in 2024. Even without the "trump pump", they were going to end in a pretty good spot. Between capital gains and dividends, I think my portfolio pulled in about 5% of its total value. That's on top of my monthly contributions and the overall increase in value of the fund due to the markets.
I'd love to see that number be a little higher, but I think with compounding eventually I will get there. I've been investing long enough now that the snowball should be getting relatively big.
Hive Investments
My on chain tokens are doing pretty well along with the price of HIVE. We have been holding this $.50 range for quite a bit now. I'd love to hope this is the new bottom, but somehow I don't feel that is the case. Call me a skeptic, call me a realist. Whatever...
I'm just about to three quarters of a million ZING tokens for the @holozing game. If you took what I had pooled in the LP, I would probably already be there. I've been pulling in about 1500 tokens per day and it has been very nice.
I'm also looking at increasing a few of my other positions. Most specifically with the @brofund community. They are good people (for the most part 😀). I like what they have been building here and I want to continue to support it.
I've got some open orders that I hope eventually push through.
Big Big Plans
Like a lot of you I expect, I have been running various scenarios through my head concerning this bull cycle. I keep thinking back to the last one and all the big (and small) things I did that were so so wrong. I wish with all my heart I could take some of my past moves back, but honestly, I can't say they would have put me in any better of a position than I am now.
All we can do is move forward.
I'm a pretty simple guy, I don't need a lambo from this bull run, but a small passive income would be nice. I remember last run when I was making hundreds if not thousands of dollars per day and like a fool I pumped it into other stuff that ended up being worthless. Classic degen.
This time I am going to fully embrace stable coins. I need to do a better job of utilizing them. My middle of the road scenario is this: Say I have a token that via staking I earn about 1m of them per day. I know that seems like a lot, but it's a really low cap token. Then let's say that token gets up to $.002 per token. Doesn't seem too unreasonable does it?
That's $200 USD per day that I would be earning. Move that money into a stable each day and wait for the bear market to come. Of course you can adjust those numbers as you see fit. $.02 would be even better, but beggars can't be choosers right?
Travala
As much as I hate how much more expensive the prices are on Travala compared to Web 2.0 travel sites. I've started to realize that there are intrinsic benefits to using Travala that might outweigh the additional cost. Think about it for a second. If I move my gains to fiat to pay for a trip, I will absolutely have to pay the 30% tax to the IRS.
However, if I leave it as crypto, I can move it into a stable coin or AVA, put it into the platform and even if I am paying 10% to 20% more for that flight or hotel room, I am still coming out ahead. Of course, depending on where you live, there are other rules for that crypto that you might have to adhere to.
This isn't financial advice. I'm not going to tell you what to report and what not to, it's just food for thought.
Stacking Silver
I'll be the first to admit I am more of a silver collector at the moment than a silver stacker. I'd like to change that though and if I were to start taking some regular gains from crypto, I'd like to think I would move some of them into BitPay and pick up some of these bad boys.
Nothing crazy, but something with a bit more heft than the 1oz bars I currently have. It doesn't have to have a fancy design on it or anything, just something I can stack in a decent quantity to hold the value of my gains. Something that I can quickly flip for cash if I need to without feeling any remorse or hesitating.
That's the goal anyway.
Sports Talk Social - @bozz.sports
I wonder if we will see a shift in the US markets in the next few months. Expect some chaos anyway.
$HIVE has settled at a higher level for now and that may be bringing some people back. We need active accounts to progress. I'm not going anywhere.
I agree, active accounts would be great. I also plan on sticking around for quite some time. It's definitely going to be interesting to see where things go from here. I hope the anticipation is worse than what will actually happen, but who knows, he is king of chaos.
Silver and gold that what has been missing in my portfolio. But recently I started buying silver and soon trying to get hold of some gold bars. The prices are rapidly changing and you never know where it ends in coming days.....2025 begin on a good so far with my stock took a beating but looking forward to work more for passive income.
I just got into silver a bit ago too. It's nice to have something that you can actually hold in your hand and put a finite value to.
I managed to buy few gram this Diwali, but it was raw....I am looking forward for my next city trip to get.hand on some.
Your article is truly inspiring, thank you! The cover image is beautiful.
Thank you.
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I'm still kicking myself for doing what you describe above during the last cycle. This time will be different! If there is a this time... I'm still really wondering if the stock market might finally burst after the 20th when Trump no longer gives a shit, and wall street is too invested in BTC now for that not also to dive if it happens.
But hey, if that happens, at least we get to buy everything at a discount, right?
That's the way we have to look at it at this point. As long as it all recovers within five years or so I should still be good. Hopefully! We will have to hold each other accountable this time around!
This sounds like what I did in the last two cycles. Did I make a buck? Not really, but thought I was the hero at some point until I was not anymore. Sounds familiar right? :D
Maybe this time is different after all, I find it hard to see on what the market will do, so I just wait again. Everything is allocated and indeed...I had also wished again that I went back more to stable coins to gain more...But this is just impossible when you are not glued to the screen on the daily I find.
Hopefully this year will bring us bonanza!
I hope so as well. I was able to pull some gains last cycle, but not nearly as much as I could have or should have.
Hopes of seeing BTC above $100,000 won’t feel magical and the market is bullish @bozz
Okay.
I love the ten ounce APMEX bars, they are a great deal!
I'm looking for some passive income out of this one too, I'm too tall for a lambo or ferrari! Hopefully we can all make some nice returns.
That moon shot came out nice, kind of spooky looking!